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equipment, in r&d, in science education and infrastructure and so forth. the question many people, sir, don't want to consider is where do we get those resources with those enormous debts? i asked our research department if they would make a reasonable prediction of how important interest costs would be if we did nothing, and their estimate without any explosion in interest rates was as follows: within 25 years or so, our interest costs would jump from about 1% of the gdp to 12% of the gdp or roughly four times the total investment made in r&d, science education and infrastructure. and if we ever permit that to happen, we will have assured that we're going to have what i call a slow growth crisis. and that's at least my way of formulating what happens if we don't do anything. but, mike, please, take over. this is your meeting, not mine. >> well, one of the things i don't claim to be here is an economics expert, although it's from a national security standpoint, and i've felt this way for years, that it's not just about the health of our economy, it's around the world, it's the health of eco
times the total investment made of r&d, science and education. if we permit that to happen we are assured a slow-growth crisis that is what will happen if we don't do anything. mike, please takeover. >> i don't claim to be an economics expert. but from the national security standpoint i have felt for years not just the health of our economy around the world but those that generate positive outcome and from the defense standpoint as pointed out if said that continues to grow it will continue to eat at us and when you put in good time bomb of the sequestration it was supposed to be so heinous that congress would never permit it to happen but yet we're on the verge andover what we have been fighting over the last decade at a time when there is clearly increasing pressure on the defense budget and i have said it should pay its fair share. with the media impact to get to a part of your question and i worry about the acceleration to create a hollow force very rapidly. and the president does what he says he will he takes it off the books of any cuts with the totality focused on a ver
Search Results 0 to 1 of about 2